Tuesday, February 28, 2012

EC At Some Pretty Big Long Term Fibs Here

EC Marched right up to the 38.2 smaller weekly retrace and now hangs (literally  as I write this its at 1.3440), on the bigger 50% retrace.  And as you can see from the chart has moved in a range sitting right between the two, not at all uncommon as the two magnets pull form different directions.  So obviously one of them will win question becomes is our next really big level 1.3632 or 1.3248.  But odds are at these kind of long term fibs we are gonna get a big ass down.  When it breaks which ever way it does will be your signal and its gonna be hard and fast.  And dont think 1.3000 is out of the question.